[MR] BBC: First Bankers

[Garth Groff via Atlantia]

Noble Friends,

As part of their series "50 Things That Made the Modern Economy", the 
BBC offers an illustrated feature on the Knights Templar. The article 
explains (briefly) how the Templars invented the modern banking system 
over 1,000 years ago with their letters of credit. The article goes on 
to touch upon the great Fair of Lyon, noted as the beginning of trading 
in debt through bills of exchange, the basis of today's credit card 
economy. Good reading that makes the complicated very understandable: 
http://www.bbc.com/news/business-38499883 .

Yours Aye,


Lord Mungo Napier, Who Generally Lives on a Cash Basis